The IAS More Than Retirement Programme

As life expectancy improves many of us can look forward to 25 or even
30 years of retirement. That makes financial decisions at the end of your
working life some of the most important you will ever have to deal with.

Unless you are lucky enough to be part of the dwindling number of members
of final salary pension schemes, you will need to convert the money you
have saved in a private or company pension into an income.

We can help you understand the need to take time out, gather your thoughts and think deeply about how you intend to use your savings in retirement.

You are likely to be considering how to provide yourself with an income for
retirement, and as part of this process it is very important to establish your
views on a range of issues that may affect you in years to come.

Each of these issues will bring uncertainty to your situation in different ways.
There are risks, and your views toward them and how they can be handled,
or indeed removed, will affect the options your financial adviser will present
to you, and the options you may select.

This is not all encompassing! There are more issues your adviser will
be considering such as the strength of the company providing your income
structure, cashflow analysis, family circumstances.

You have now started to think about retirement, and the income you will
need when you retire. You will, in the weeks and months ahead, have to
make some decisions about how to use your investments and other assets
to help secure that income.

The length of this process will depend upon the complexity of your own
situation and your comfort with the options being proposed for you.

Step One:
Gather your information. If you work with a financial adviser already they
may have all your financial information. Your adviser will want to spend some
time with you at the start of the process understanding the facts and figures
and may well produce for you a statement which shows all your assets, and
any liabilities you may have.

Step Two:
Gather your thoughts. This is not easy to do because retirement
means different things to us all. This is critical to your objectives and
income requirements and we will discuss in detail your dreams and
aspirations for retirement.

A review of your risk profile is also carried out.

Step Three:
Think about structuring your assets and your income. We will help you
prepare a plan taking into account your views on income requirements
and risk profile.

Understanding your Income and Capital requirements:
How you structure your income may be influenced by how you see your
income needs in retirement. Hopefully you will be debt free as you approach
your retirement, but at times this may not be the case.

How much income will you need each year, or month, going forward?
The best way to work this out is to complete a budget forecast.

There are three levels of budget that you should consider.

• The basics: A budget that is your lowest possible and covers the
essentials like food and housing costs but little more.

• Your lifestyle: A budget to meet your current and expected
living expenses and your lifestyle expenses such as
entertainment and holidays.

• Your aspirational budget: A budget to include your dreams,
even those that you think may be impossible to meet! This may
include special trips abroad, family treats, activities you have always
wanted to do.

We believe that anyone who has over £30,000 in their pension fund should seek advice, as they could save hundreds, if not thousands of pounds over the course of their retirement.

This initial cost of The IAS Future Options Programme is 1% of your pension fund subject to a minimum fee of
£500.

The initial meeting is at our expense, without any
obligation on your part, and will provide an opportunity
to discuss your views and whether this programme is
suitable for you.

Our philosophy on your future is that you can retire from work, but you
should never retire from investing.

A retirement portfolio should be flexible. It should change as you do. Simply put
it needs to be flexible enough to meet your needs every step of the way.

We have distilled the retirement process, not over-simplified it. We have
developed a framework that allows us to ask the tough questions:

• How much do you need to maintain your standard of living
during retirement?
• Will you run out of money?
• What do you need to do to keep track?

The material on the site is the copyright material of Independent Advisers (Scotland) Ltd. You may not copy, reproduce, republish, disassemble, decompile, reverse engineer, download, post, broadcast, transmit, make available to the public, or otherwise use Independent Advisers (Scotland) Ltd content in any way except for your own personal, non-commercial use. This includes but is not limited to all individual fund manager data such as rankings of fund managers and ratings of fund managers. Independent Advisers (Scotland) Ltd does not accept any liability for your reliance upon, or any errors or omissions. Any other use of Independent Advisers (Scotland) Ltd content requires the prior written permission of Independent Advisers (Scotland) Ltd.